Cramer: Ignore reports about Apple iPhone concerns from people who ‘don’t know anything’

“Investors should buy Apple, but ignore reports of concerns about its new iPhones, CNBC’s Jim Cramer said Monday,” Berkeley Lovelace Jr. reports for CNBC.

I urge people to not pay any attention to these publications that come out and say, “Look, there’s a shortage, they switched suppliers” …all these guys, they just don’t know anything.” — Jim Cramer

Cramer said Apple makes production changes all the time, and reports about concerns just cause people to sell,” Lovelace Jr. reports. “‘And the analysts play this game too,’ the host of CNBC’s Mad Money said. ‘The analysts are always trying to downgrade it based on a supplier.’ ‘I urge people, please, own Apple,’ Cramer said. ‘Own it because it is an inexpensive stock making the greatest consumer products.'”

Not a fan of the iPhone X but I don’t see demand for it waning at all. It might as well be December 2017 still. It gets great reviews and generates more positive word of mouth with every sale. It works. Anybody with eyeballs who gets out and sees the world can tell you that any talk of iPhone X production slowing due to a wane in demand is bullshit.

And if it’s true, it won’t matter anyway since the juggernaut iPhone 8 Plus is what’s really carrying the iPhone lineup right now. Best decision Apple ever made.

I’m sure Samsung didn’t sell as many Galaxy S8 or Galaxy Notes as expected but I never see any analysts voicing concerns about Samsung smartphone sales. It seems as though Apple is the only company where component supply checks are used as an indicator of sales and in the past they’ve certainly been wrong. How many times do analysts have to be told not to rely on supply chain rumors? I think, more than enough times. It’s just being unfair to both Apple and potential investors to be given such unreliable data. The people who spread these rumors never have to take any responsibility for their incorrect data. Such analysts ought to be fired unless they’ve been given orders from their firms to deliberately lie about iPhone sales.

Lukewarm, lackluster, weak, poor, meager, slowing, lower than expected are a few of the terms typically used to describe iPhone sales every single quarter. Just the opposite of the glowing praise used to describe Echo Dot sales. Negative shizzle is always being tossed at Apple, no matter what the actual outcome.